Investment Opportunity
Tenant interest not affected.
Modern own door office unit located in Sandyford Office Park opposite Sandyford Luas Station.
Unit 4 is a mid-terrace retail building currently in use as a salon arranged over the ground and two upper floors.
The property is let to Brazilia Salon Limited for a term of 10 years from December 1st 2016. The current passing rent is €35,000 per annum. The lease provides for an open market rent review at the end of year 5. The rent review of September 2021 remains outstanding. The current passing rent per sq. ft is €18.04. Current ERV for this unit is €23-25 per sq. ft.
There are 6 car parking spaces which are rented at €1,000 per space per annum.
The property comprises a self-contained unit of concrete construction and designed with a slated roof and uPVC windows and entrance door and window at ground floor level. Accommodation incorporates ground floor offices and a retail element with reception and treatment rooms occupying the first and second floors. The property enjoys the benefit of 6 dedicated parking spaces.
Price available on application.